Home prices are expected to appreciate at a slower rate, with growth potentially falling to 2-4% in 2025. Gradual increases in housing inventory will offer buyers more options, contributing to a slightly more balanced market....
The California Supreme Court recently upheld the validity of commercial lease co-tenancy provisions in the case of JJD-HOV Elk Grove, LLC v. Jo-Ann Stores, LLC. The court emphasized that contracts should be enforced as written, provided they do not violate public policy. The ruling clarified that the co-tenancy clause allowed for alternative performance, enabling the landlord to accept lower rent if...
Rent prices for apartments are increasing in major U.S. cities, with a national average rise of 2.5% for one-bedroom apartments. New Haven, Connecticut, experienced the largest increase at over 33%, followed by Lincoln and Omaha in Nebraska with rises of more than 26% and 24%. New York City remains the most expensive at over $4,280 monthly, while San Francisco and Jersey City follow. Conversely, Durham,...
California faces insurer withdrawal due to increased wildfire risks, threatening property owners' access to coverage.New rules allow predictive modeling for premiums and require insurers to cover high-risk areas....
San Diego home values are projected to rise by 3.6% by the end of 2025, driven by strong demand. The market remains competitive, with homes averaging 27 days on the market, indicating solid demand for housing in 2025....
California's Assembly Bill 2424 will dramatically change foreclosure procedures. Lenders must notify third parties like family members or housing counselors about default notices during foreclosure....
Presidents' Day celebrates all past and present U.S. presidents. It reflects on the nation's founding principles and values, including the Constitution and union. Reading of Washington's Farewell Address by a U.S. senator remains an annual event for decades.Many patriotic and historical groups celebrate Presidents' Day with reenactments...
Landlords with 15+ apartments must offer tenants the option to report on-time rent payments to credit agencies.Landlords must provide photographic evidence and itemized statements for any deductions from tenants' security deposits....
Start Shopping for Insurance Early Begin your search early to avoid delays and complications during escrow, especially in fire-prone areas. Work with Insurance Agents for Better Options Agents with access to multiple insurers can help you find the best coverage for your needs...
Wind-driven wildfires have devastated Los Angeles County, leading to evacuation orders for nearly 200,000 people and destroying thousands of homes and businesses. The fires have worsened an existing housing crisis, with only 24 affordable homes available for every 100 extremely low-income renter households and 75,000 people already homeless. Recovery is expected to be slow, exacerbated by rising rents...
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